MIDEAST STOCKS-Property shares weigh on Egypt; other Gulf markets mixed - Reuters:
Most Gulf stock markets moved marginally
amid falling oil prices on Wednesday, while Egypt’s blue-chip
index declined, led by property shares.
Oil prices slipped towards $59 a barrel on data showing a
bigger-than-expected rise in U.S. crude stocks, while the
prospect of deeper output cuts by OPEC and its allies offered
support.
Saudi Arabia's index extended gains from the
previous session to close 0.2% up. Al Rajhi Bank
gained 0.7%, while Alinma Bank rose a further 1.3%.
On Tuesday, Alinma reported a rise in third-quarter profit
to 713 million riyals ($190.10 million) compared to 637 million
a year earlier.
However, gains were capped by losses in petrochemical
stocks.
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